Warner Bros. says its spinoff will be named Discovery Global

Warner Bros. Discovery Inc. announced the names of the two companies resulting from a planned separation of the streaming and studios business from its cable-TV networks.

Warner Bros. will house the company’s television, video-game and movie studios, as well as HBO and the HBO Max streaming platform. Discovery Global will include CNN, TNT Sports in the US, Discovery and the Discovery+ streaming service, among other assets, according to a statement Monday.

The company announced that it was dividing into two separate entities last month, with the split expected to be completed in mid-2026. As more customers switch from struggling cable networks to streaming, other companies are taking similar steps. Comcast Corp. plans to spin off its cable networks into a separate company called Versant by the end of this year.

The move is an acknowledgment that the 2022 merger of Discovery and AT&T Inc.’s Warner Media hasn’t gone as planned. David Zaslav, the long-time cable executive and architect of the merger, will stay with the streaming and studios business. Chief Financial Officer Gunnar Wiedenfels will become CEO of the cable networks. Other executives were named on Monday, most of them remaining in positions similar to those they occupied before the split.